The Morning Download: Price of Artificial Intelligence May Be Set for Big Decline

The Morning Download: Price of Artificial Intelligence May Be Set for Big Decline

By Steve Rosenbush Sep 14, 2016 7:39 am ET Good morning. The sale of artificial intelligence-based platforms to business started off as a multi-million dollar pitch targeted toward the CEO, according to Nova Spivack, the founder and CEO of Bottlenose. The Los Angeles-based startup is looking to automate the application of AI to business intelligence, as well as much of the work of data scientists, currently in scarce supply. That should lower the price, a lot. (See CIO Journal Explainer: What is Artificial Intelligence?) In recent years, AI-driven applications have been targeted toward the CIO. In the future, Mr. Spivack says, they well may be sold directly to business leaders, and the price will drop to thousands or even hundreds of dollars per user, he told CIO Journal. At that point, AI…